Please find enclosed herewith the Outcome of Board Meeting held on May 29, 2026 regarding approval of re-appointment and remuneration of Mr. Amit Dahanukar (DIN: 00305636) as Chairman and ....
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Tilaknagar Industries reported FY2026 audited results with revenue of Rs 5,247.57 crore, up 68% from Rs 3,120.98 crore in FY2025, largely driven by the Imperial Blue acquisition from Pernod Ricard India completed in December 2025. However, profit before tax dropped significantly to Rs 20.58 crore from Rs 229.78 crore in the prior year due to exceptional items of Rs 231.97 crore (including Rs 344.2 crore acquisition cost and Rs 220.07 crore acquisition expenses). The Board recommended a dividend of Rs 1 per share (10%) for FY2025-26. Key KMP re-appointments include Mr. Amit Dahanukar as Chairman & MD for 3 years from November 2026, Mr. C.R. Ramesh as Whole-Time Director for 3 years, and Ms. Swapna Shah as Non-Executive Director for 1 year. The company also approved incorporation of a wholly-owned subsidiary in Nigeria (up to Rs 30 crore) and a scheme to amalgamate two subsidiaries (Punjabexpo Breweries and Vahni Distilleries) with the company. The auditor issued a qualified opinion citing non-impairment assessment of an idle ENA plant.
Revenue growth from the Imperial Blue acquisition is offset by acquisition costs and exceptional items, compressing profits. The dividend recommendation provides some shareholder return. Leadership continuity with Amit Dahanukar's re-appointment supports stability during post-acquisition integration. The Nigeria expansion and amalgamation scheme represent strategic moves for geographic diversification and operational consolidation.